DISTRIB. AND WAREHOUSING NETWORK LD - Results of General Meeting

Results of General Meeting

Distribution and Warehousing Network Limited
(Incorporated in the Republic of South Africa)
(Registration number 1984/008265/06)
Share code: DAW ISIN code: ZAE000018834
(”DAWN” or the “Company”)

RESULTS OF GENERAL MEETING

Shareholders are referred to a notice of general meeting announcement dated 18 August 2014 in
relation to a category 1 acquisition of a 51% indirect interest in the building manufacturing companies
of DAWN (“the Watertech Companies”) by Grohe Luxembourg Four S.A. (“Grohe”), together with a
call option in favour of Grohe to acquire an additional 24.1% indirect shareholding in the Watertech
Companies from DAWN after a 10 year period, and if such option is exercised by Grohe, or if Grohe's
indirect shareholding has otherwise increased to 75.1%, the option for DAWN to sell its remaining
24.9% indirect interest in the Watertech Companies to Grohe.

The general meeting of DAWN shareholders was held today Monday, 15 September 2014. The 
special resolution and the ordinary resolution, as set out in the notice of general meeting to
shareholders, dated 18 August 2014, were unanimously approved by shareholders present or
represented and voting at the meeting.

Shareholders will be notified when all conditions precedent have been met.

15 September 2014
Johannesburg


Corporate Advisor           Legal Advisor to       Independent Expert        Ongoing Sponsor to
and Transaction             DAWN                                             DAWN
Sponsor
                                                   BDO
PricewaterhouseCoopers      Webber Wentzel                                   Deloitte & Touche
Corporate Finance (Pty)                                                      Sponsor Services
Ltd                                                                          Proprietary Limited
                                                                      

Legal Advisor to Grohe      Legal Advisor to        Financial Advisor to     Independent Reporting
                            Grohe                   Grohe                    Accountants and
Clifford Chance                                     Acxit Capital            Auditors to DAWN
                            ENSafrica               Management               PricewaterhouseCoopers
                                                                             Inc.

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